Stories by Fed Newswire on Federal Newswire


Written agreement with American Bank of Baxter Springs

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between American Bank of Baxter Springs, Baxter Springs, Kansas, a state chartered bank that is a member of the Federal Reserve System, and the Federal Reserve Bank of Kansas City.


Federal Reserve approves final rules to protect credit card users from a number of costly practices

News Release: The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule beginning on February 22.


Reserve Bank income and expense data and transfers to the Treasury for 2009

News Release: The Federal Reserve Board on Tuesday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $46.1 billion of their estimated 2009 net income of $52.1 billion to the U.S. Treasury. This represents a $14.4 billion increase over the 2008 results ($31.7 billion of $35.5 billion of net income). The increase was primarily due to increased earnings on securities holdings during 2009.


Minutes of Board discount rate meetings, November 23 through December 14, 2009

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings on November 23 and Dec. 14, 2009.


Federal Reserve offers $75 billion in 28-day credit through its Term Auction Facility

News Release: On Jan. 11, 2010, the Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility (www.federalreserve.gov/monetarypolicy/taf.htm).


Prompt corrective action against Barnes Banking Company

News Release: The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of Barnes Banking Company, Kaysville, Utah, a state chartered member bank.


Written agreement with North Valley Bancorp and North Valley Bank

News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among North Valley Bancorp, a registered bank holding company, North Valley Bank, a state chartered member bank, both of Redding, California, and the Federal Reserve Bank of San Francisco.


Written agreement with Prime Pacific Financial Services

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Prime Pacific Financial Services, Inc., Lynnwood, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement for Heritage Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Heritage Bancshares, Orange Park, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Board advises institutions of supervisory expectations for sound practices in managing interest rate risk

News Release: The Federal Reserve Thursday released an advisory reminding depository institutions of supervisory expectations for sound practices in managing interest rate risk. This advisory, adopted along with the other financial regulators, reiterates the importance of effective corporate governance, policies and ...


Minutes of Federal Open Market Committee, December 15-16, 2009

News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 15-16, 2009.


Written agreement with Sunshine Bankshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Sunshine Bankshares, Inc., Port Orange, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with Wakulla Bancorp

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Wakulla Bancorp, Crawfordville, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with First Cherokee Bancshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among First Cherokee Bancshares, Inc., Woodstock, Georgia, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Prompt corrective action against Sun American Bank

News Release: The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of Sun American Bank, Boca Raton, Florida, a state chartered member bank.


Written agreement with Sterling Financial

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Sterling Financial Corporation, Spokane, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Restructuring of check processing operations in the Fourth and Sixth districts, Regulation CC

News Release: The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve Banks’ check-processing operations.


Written agreement with Midwest Banc Holdings and Midwest Bank & Trust Co.

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Midwest Banc Holdings, Inc., Melrose Park, Illinois, a registered bank holding company, Midwest Bank and Trust Company, Elmwood Park, Illinois, a state member bank, the Federal Reserve Bank of Chicago, and the Illinois Department of Financial and Professional Regulation Division of Banking.


Written agreement with Johnson Holdings and East Central Holding Company

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Johnson Holdings, Inc., East Central Holding Company, Inc., registered bank holding companies, both of Ramsey, Minnesota, and the Federal Reserve Bank of Minneapolis.


Federal Reserve Board proposes amendments to Regulation D that would enable the establishment of a term deposit facility

News Release: The Federal Reserve Board on Monday proposed amendments to Regulation D (Reserve Requirements of Depository Institutions) that would enable the establishment of a term deposit facility.